Volkswagen AG — Earnings Release 2002

Oct 30, 2002

News Details

Ad-hoc | 30 October 2002 08:27

Volkswagen AG english

Ad-hoc-Announcement Volkswagen AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Development of operating profit in the first nine months in line with expectations. The Volkswagen Group is on course to meet the most recent 2002 earnings forecast: —————————————————————————– January-September 2002 2001 +/- (%) —————————————————————————– Volkswagen Group Deliveries to customers ‘000 units 3,757 3,897 – 3.6 Unit sales ‘000 units 3,731 3,911 – 4.6 Production ‘000 units 3,778 3,956 – 4.5 Sales revenue million EUR 65,269 66,255 – 1.5 Operating profit million EUR 3,714 4,384 – 15.3 Profit before tax million EUR 2,974 3,721 – 20.1 Profit after tax million EUR 1,842 2,357 – 21.9 Earnings per ordinary share (undiluted) EUR 4.78 6.20 – 22.9 Automotive Division Cash flows from investing activities million EUR 6,130 5,208 + 17.7 Cash flows from operating activities million EUR 6,748 4,975 + 35.6 —————————————————————————– We expect no significant change in business development until the end of 2002. We confirm our forecasts from the half year report of worldwide deliveries to customers of just under 5 million vehicles and a profit before tax in the range of 4 billion EUR. Wolfsburg, October 30, 2002 VOLKSWAGEN AKTIENGESELLSCHAFT The Board of Management The full interim report is available at ” http://www.volkswagen-ir.de “. end of ad-hoc-announcement (c)DGAP 30.10.2002 ——————————————————————————– WKN: 766 400; ISIN: DE0007664005; Index: DAX, Euro Stoxx 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam, Antwerpen, Brüssel, London, Luxemburg, Paris, Schweizer Börse (Hauptsegment), Wien, Tokio, Madrid, Barcelona, Bilbao, Valencia und Mailand. 300827 Okt 02